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Short Term Capital Gain

Latest Articles


Implication of Indexation of New Finance Act on Long & Short Term Capital Gain

Income Tax : Explore how changes in the Finance Act impact tax on long-term and short-term capital gains through revised indexation rates. Insi...

January 16, 2025 1974 Views 2 comments Print

Taxpayers Win- Case for Rebate u/s 87A on Short Term Capital Gains

CA, CS, CMA : Arjuna (Fictional Character): Krishna, I recently heard about a case where rebate under Section 87A was allowed on short-term capi...

November 26, 2024 7389 Views 4 comments Print

Why Income Tax Notices for Additional Tax on Capital Gains?

Income Tax : Taxpayers receiving income tax notices for additional tax on capital gains due to changes in Section 87A interpretation, affecting...

October 13, 2024 5481 Views 2 comments Print

Key Amendments to Capital Gains in Budget 2024-25

Income Tax : Explore key amendments under capital gains in the 2024-25 budget, including changes to buyback tax, indexation removal, and capita...

October 13, 2024 11529 Views 0 comment Print

Capital Gain Tax Exemption on Property under Redevelopment

Income Tax : Learn about capital gain tax exemptions on property under redevelopment, including eligibility under Section 54 and implications f...

September 23, 2024 33360 Views 5 comments Print


Latest News


Budget 2024: Capital Gains Taxation Simplified And Rationalised

Corporate Law : Finance Ministry's new capital gains tax: Short-term gains at 20%, long-term at 12.5%. Exemption limit raised to ₹1.25 lakh for ...

July 23, 2024 3789 Views 0 comment Print

DTC: Jewellery, works of art, property to qualify as long-term investments even if held for a year

Income Tax : The Supreme Court will hear on September 10 the impleadment petition filed by the Forex Derivatives Consumers Forum along with the...

September 1, 2010 1965 Views 0 comment Print

Shares Income: LTCG remains exempt and Short Term Capital Gain taxable at half the rate under DTC

Income Tax : DTC Billproposes to tax short-term capital gains arising from stocks and mutual funds at half the marginal rate.So, if your margin...

September 1, 2010 2507 Views 0 comment Print

Taxman gears up to move apex court on its tax claims of around Rs 2,000 crore

Income Tax : The Income Tax department is all set to move the Supreme Court for a final judgement on its tax claims of around Rs 2,000 crore (R...

February 26, 2009 381 Views 0 comment Print

Half-Yearly Audit Rule Puts Small Broking Companies in a Spot

Finance : The decision to make half-yearly internal audits obligatory for stock broking houses spells doom for smaller firms that are alread...

September 12, 2008 606 Views 0 comment Print


Latest Judiciary


Disallowance of short term capital loss unjustified as no evidence disproves genuineness of transaction

Income Tax : ITAT Mumbai held that disallowance of short term capital loss not justified since there is no evidence on record based on which ge...

December 9, 2024 696 Views 0 comment Print

STCL Taxable at 15% Can be set-ff against STCG Taxable at 30%: ITAT Mumbai

Income Tax : Explore the detailed analysis of JS Capital LLC Vs ACIT (ITAT Mumbai) regarding the offsetting of Short Term Capital Loss (STCL) a...

May 5, 2024 1116 Views 0 comment Print

Deemed Short-Term Capital Gains from Depreciable Asset Sale Eligible for Setoff Against Long-Term Capital Loss

Income Tax : Explore how DCIT vs. Claris Lifesciences Limited case sets precedent for setting off deemed short-term capital gain on sale of dep...

March 21, 2024 1074 Views 0 comment Print

UAE Resident Assessee: Mutual Fund STCG Tax Exemption under India-UAE DTAA

Income Tax : Explore the DCIT vs K.E. Faizal case where the ITAT Cochin ruled on taxation of mutual fund gains, analyzing the application of In...

February 19, 2024 3984 Views 0 comment Print

Capital Gain cannot be treated as bogus without giving reasons

Income Tax : Assessee has appealed against an order passed by CIT(A) and subsequent addition. Learn more about Capital Gain cannot be treated a...

October 21, 2023 6261 Views 0 comment Print


Latest Notifications


No capital Gain on Rollover/Extension of Fixed Maturity Plans (FMPs) in same scheme

Income Tax : CIRCULAR NO. 6/2015, Dated: April 9, 2015 no capital gains will arise at the time of exercise of the option in the case of Fixed M...

April 9, 2015 5234 Views 0 comment Print


Budget 2024: Capital Gains Taxation Simplified And Rationalised

July 23, 2024 3789 Views 0 comment Print

Finance Ministry’s new capital gains tax: Short-term gains at 20%, long-term at 12.5%. Exemption limit raised to ₹1.25 lakh for financial assets.

Different Income Tax Rates on Different types of Income

July 18, 2024 2136 Views 0 comment Print

Understand Income Tax Act rates: Short Term Capital Gains @15% with STT, exceptions to 36-month rule, Long Term Capital Gains, and special rates for lottery winnings and anonymous donations.

STCL Taxable at 15% Can be set-ff against STCG Taxable at 30%: ITAT Mumbai

May 5, 2024 1116 Views 0 comment Print

Explore the detailed analysis of JS Capital LLC Vs ACIT (ITAT Mumbai) regarding the offsetting of Short Term Capital Loss (STCL) against Short Term Capital Gain (STCG) under section 70(2) of the Income Tax Act.

Taxation of Debt Funds

March 29, 2024 8268 Views 0 comment Print

Explore the changes in taxation of debt mutual funds pre and post April 2023. Learn about impacts, benefits, and strategies. Invest wisely for optimal returns.

Deemed Short-Term Capital Gains from Depreciable Asset Sale Eligible for Setoff Against Long-Term Capital Loss

March 21, 2024 1074 Views 0 comment Print

Explore how DCIT vs. Claris Lifesciences Limited case sets precedent for setting off deemed short-term capital gain on sale of depreciable against long-term capital loss.

UAE Resident Assessee: Mutual Fund STCG Tax Exemption under India-UAE DTAA

February 19, 2024 3984 Views 0 comment Print

Explore the DCIT vs K.E. Faizal case where the ITAT Cochin ruled on taxation of mutual fund gains, analyzing the application of India-UAE Double Taxation Avoidance Agreement.

Understanding Short Term Capital Gain Tax: Rules & Benefits

February 15, 2024 15840 Views 0 comment Print

Learn about short term capital gains tax under Section 111A: rates, exemptions, rebates, and conditions for applicability. Maximize tax benefits on equity investments.

Whether Income from Share Trading is Taxable?

January 5, 2024 2391 Views 0 comment Print

Explore the taxability of different share market transactions in India. Learn about income tax rules for intraday trading, futures & options, capital gains, and dividend income.

Capital Gain cannot be treated as bogus without giving reasons

October 21, 2023 6261 Views 0 comment Print

Assessee has appealed against an order passed by CIT(A) and subsequent addition. Learn more about Capital Gain cannot be treated as bogus without giving reasons.

Capital Gain on transfer of Securities and its taxation

October 18, 2023 3387 Views 0 comment Print

Capital gains, their taxation, and how to save on capital gains tax. Learn about securities, their types, and deductions available under Income Tax Act.

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